Cantra price of Dutahes of a prehole geo speech

The Cantra price continues at the lowest level since March 2024. years, even as Bitcoin and most Altcoines.

Mantra (OMA), the main player in the actual tokenization of world property, is traded on Sunday of $ 0.566, is up to 95% from its highest levels this year.

This performance indicates that investors are still skeptical in coins after its collision two weeks ago. While management has credited the collapse to forced liquidations By exchanging, users believe it was because of insider Dumping Token. They are in question why Mantra was the only coin of such forced liquidations.

John Patrick Mullin, which cripto.news interviewed Before collapse, he said he would update at Token2049. The event is in Dubai this week from 30. April to 1. May. Will talk about new ecosystem movements and updates on his Token is burning.

In Dubai, he intends to ask the Community Crypt to cooperate to protect investors from these forced liquidations.

Technical analysis of the price of Mantra

Mantra also promised to implement other solutions to boost the token price. In addition to Burnn’s Token Burn, the company will Combustion 300 OM token from their cash register. The token’s landscape reduces the number of those in circulation and potentially reinforce its price.

Mantra also hopes to implement $ 109 million tokens. Redemption increases demand for tokens and can help stabilize its price. The team also committed to implement more transparency.

However, it is unlikely that these actions will be effective because Trust among investors does not have.

The daily shows that the price of OM collapsed earlier this month. She dropped from High of $ 9.10 in March to $ 0.50 today injecting over $ 7.5 billion worth of value.

The price of the mantra scattered below all cross-sections moving, a sign that bears remain in control. She also formed a bear pattern of flag, consisting of a vertical line and a triangle.

Therefore, while the mantra coin may seem cheap, it is probably probable that it will continue to fall. It can descend to the next point to 0.2330 USD, the lowest swing in February last year. The only warning is that failed projects like Celsius, FTX and Safemoon are often experiencing short grip.